FEMA & Banking

Blog, News, FEMA & Banking

January 18, 2024

Foreign Remittance Made By Using Forged Form 15CB isn’t “Proceeds of Crime” from Scheduled Offence of Forgery | HC

Case Details: Amit Aggarwal v. … Continue reading “Foreign Remittance Made By Using Forged Form 15CB isn’t “Proceeds of Crime” from Scheduled Offence of Forgery | HC”

Blog, News, FEMA & Banking

January 18, 2024

Govt. Notifies the List of Reporting Entities Who Can Perform Aadhaar Authentication Under the Aadhaar Act

Notification S.O. 180(E), Dated: 16.01.2024 … Continue reading “Govt. Notifies the List of Reporting Entities Who Can Perform Aadhaar Authentication Under the Aadhaar Act”

Blog, Advisory, FEMA & Banking

April 25, 2024

[Analysis] RBI’s FinTech Self-Regulatory Organization (SRO) – Framework | Eligibility | Others

Table of Contents Introduction What … Continue reading “[Analysis] RBI’s FinTech Self-Regulatory Organization (SRO) – Framework | Eligibility | Others”

Blog, News, FEMA & Banking

January 17, 2024

RBI Proposes Aligning Housing Finance Companies With NBFCs, Enforcing 15% Liquid Assets for Deposit-taking HFCs

Press Release: 2023-2024/1678, Dated 15-01-2024 … Continue reading “RBI Proposes Aligning Housing Finance Companies With NBFCs, Enforcing 15% Liquid Assets for Deposit-taking HFCs”

Blog, News, FEMA & Banking

January 17, 2024

Guarantees for NBFC-UL Credit Risk Transfer Must Be Direct, Explicit, Irrevocable, and Unconditional | RBI Clarifies

Circular No. RBI/2023-24/112 DOR.CRE.REC.70/21.01.003/2023-24, Dated … Continue reading “Guarantees for NBFC-UL Credit Risk Transfer Must Be Direct, Explicit, Irrevocable, and Unconditional | RBI Clarifies”

Blog, News, FEMA & Banking

January 17, 2024

RBI Unveils Layout for Appointment/Re-appointment of Statutory Auditors for State & Central Co-operative Banks

Circular No.RBI/2023-24/113 Ref.No.DOS.ARG/SEC.8/08.91.001/2023-24, Dated:15.01.2024 The … Continue reading “RBI Unveils Layout for Appointment/Re-appointment of Statutory Auditors for State & Central Co-operative Banks”

Blog, News, FEMA & Banking

January 16, 2024

RBI Floats Draft Framework for Recognising Self-Regulatory Organisations for FinTech Sector

RBI Press Release: 2023-2024/1677 dated … Continue reading “RBI Floats Draft Framework for Recognising Self-Regulatory Organisations for FinTech Sector”

Blog, News, FEMA & Banking

January 12, 2024

Civil Courts Lack Jurisdiction to Grant Injunctions on Matters in Which DRT is Empowered Under SARFAESI Act | HC

Case Details: Nishant Guleria v. … Continue reading “Civil Courts Lack Jurisdiction to Grant Injunctions on Matters in Which DRT is Empowered Under SARFAESI Act | HC”

Blog, News, FEMA & Banking

January 11, 2024

Directors Can’t Use Personal Insolvency to Evade Liability for Company’s Cheque Defaults

Case Details: Ashok B. Jeswani … Continue reading “Directors Can’t Use Personal Insolvency to Evade Liability for Company’s Cheque Defaults”

News, Blog, FEMA & Banking

January 9, 2024

SC Upholds HC’s Bail Cancellation If Cheque Amount is Not Paid to Creditor, Imposes Rs. 5 Lakhs Cost

Case Details: Satish P. Bhatt … Continue reading “SC Upholds HC’s Bail Cancellation If Cheque Amount is Not Paid to Creditor, Imposes Rs. 5 Lakhs Cost”